The Research On The Principle Of The Coordinated Supervision In The Financial Supervision

The principle of financial co-ordinate supervision are basic Rules which must be followed to ensure financial stability and promote economic development.The principle means under the premise of functions and responsibilities which each professional supervision authority reasonable been assigned,by some kind of supervision principle,systems,standards,procedures,techniques and methods to promote the formation of information-sharing platform between the financial sector and properly solve the problems which involve many supervision authorities.The supervision principle should be enforced among Domestic and foreign financial supervision authorities, the domestic financial authorities and the financial supervision authorities,the internal supervision system of enterprises which been supervised.It is based on the the diversity of financial supervision authorities to Confirmate and implement the principle of financial co-ordinate supervision.It is necessary to regulate and promote financial innovation and the development of financial company.The principle can promote the coordination development of entire financial sector and effectively promote the adjustment of financial structure and it is necessary in international financial supervision.The aim of the principle of financial co-ordinate supervision are robustness,efficiency,fairness and consistency. Confirmation and implementation the principle in our country should conform the current international rules.The procedure not only should adapt to our country's opening up process, but also should make the financial more modernization,limited the application of minimum principle of coordination and mutual recognition.By now,there are many problems in the implementation the principle in our country.for example,the subject of supervision should be consummate,the concept of co-ordinate supervision is not been taken seriously,supervision mechanism not meet the actual needs,the overall quality of financial supervision is not high,the law of co-ordinate is not perfect,Financial institutions find its internal control mechanism difficult to adapt the opening environment and the lack of communication between foreign regulatory authorities and international regulatory bodies and so on.To consummate the mode of implementation the principle in our country at this stage,it Should be appropriate increase the coordination subject's effectiveness to meet the require of supervision,change the concept of supervision to establish scientific supervision mechanism,improve the supervision level to create conditions for the coordination of supervision,consummate laws which regulate the supervision,actively explore the international coordination of financial supervision and cooperation in an effective way.